Pros
- Multi-currency account with local details in 12 markets
- Collect and settle payments with competitive FX rates
- Issue virtual company and employee cards
- Integrate with accounting tools and marketplaces
Cons
- Limited Physical Presence
- Service Availability in Some Countries
Eligibility Criteria
- You must be over 18 years old
- You must be a business operating within one of the supported countries/regions
- Your business must be registered and have a physical address.
- Charities and other high-risk organisations are not eligible
FSCS Protection: Yes, Airwallex is FSCS Protected
Trustpilot Score: 1,053 Reviews with an average rating of 3.7/5
ANNA Big Business
Pros
- Instant invoice generation
- Good customer service via live chat
- Xero integration
- Easy VAT submission to HMRC via app
Cons
- You can apply from outside the UK, but only if you’re a UK resident
- Anna carry out an identity check for new acccounts
Eligibility Criteria
- You must be at least 18 years old.
- You must be a sole trader, a director of a limited company (and listed on Companies House) or a partner in a Limited Liability Partnership (LLP).
- You must have a UK residential address.
- Charities/trusts and other high-risk businesses are not eligible.
- Businesses not based in the UK are excluded.
FSCS Protection: No, ANNA is not FSCS Protected.
Trustpilot Score: 2,896 Reviews with an average rating of 4.6/5
ANNA Business
Pros
- Instant invoice generation
- Good customer service via live chat
- Xero integration
- Easy VAT submission to HMRC via app
Cons
- You can apply from outside the UK, but only if you’re a UK resident
- Anna carry out an identity check for new acccounts
Eligibility Criteria
- You must be at least 18 years old.
- You must be a sole trader, a director of a limited company (and listed on Companies House) or a partner in a Limited Liability Partnership (LLP).
- You must have a UK residential address.
- Charities/trusts and other high-risk businesses are not eligible.
- Businesses not based in the UK are excluded.
FSCS Protection: No, ANNA is not FSCS Protected.
Trustpilot Score: 2,896 Reviews with an average rating of 4.6/5
ANNA Money Pay as You Go Business Account
Pros
- Instant invoice generation
- Good customer service via live chat
- Xero integration
- Easy VAT submission to HMRC via app
Cons
- You can apply from outside the UK, but only if you’re a UK resident
- Anna carry out an identity check for new acccounts
Eligibility Criteria
- You must be at least 18 years old.
- You must be a sole trader, a director of a limited company (and listed on Companies House) or a partner in a Limited Liability Partnership (LLP).
- You must have a UK residential address.
- Charities/trusts and other high-risk businesses are not eligible.
- Businesses not based in the UK are excluded.
FSCS Protection: No, ANNA is not FSCS Protected.
Trustpilot Score: 2,896 Reviews with an average rating of 4.6/5
Exclusive Offer
Pros
- No credit check
- Cashback rewards programme
- No charges for failed payments
- UK Call centre
Cons
- Application fee is £55
- There isn’t any overdraft
- There is a minimum £12.50 per month account fee
- Withdrawals and transfers come with a fee
Eligibility Criteria
- You must be at least 18 years of age.
- You must reside within the UK.
- Your business must be registered within the UK.
- Businesses operating outside the UK are excluded.
- Companies that are listed as directors are not eligible.
FSCS Protection: No, Card One Money is not FSCS Protected.
Trustpilot Score: 849 Reviews with an average rating of 4.5/5
Cashplus Business Go Account
No annual fee
Pros
- Business credit builder add-on
- Overdrafts of up to £2,000
- Pay in via any post office
Cons
- £2 ATM fee
- No physical branch
Eligibility Criteria
- You must be at least 18 years old.
- You must be a sole trader, director of a limited company, a charity or a partnership based in the UK.
- Sole traders cannot be registered at UK Companies House. Limited companies must have no more than 4 PSCs registered with Companies House.
- You must have a UK residential address.
- High-risk organisations are not eligible.
- Businesses operating from outside the UK are excluded.
FSCS Protection: Yes, Cashplus is FSCS Protected
Trustpilot Score: 10,291 Reviews with an average rating of 3.6/5
Cashplus Extra
Pros
- Free card issuing
- Affordable monthly fee
- Business credit builder add-On
Cons
- 0.5% cash deposit fee
- No physical branches
Eligibility Criteria
- You must be at least 18 years old.
- You must be a sole trader, director of a limited company, a charity or a partnership based in the UK.
- Sole traders cannot be registered at UK Companies House. Limited companies must have no more than 4 PSCs registered with Companies House.
- You must have a UK residential address.
- High-risk organisations are not eligible.
- Businesses operating from outside the UK are excluded.
FSCS Protection: Yes, Cashplus is FSCS Protected
Trustpilot Score: 10,291 Reviews with an average rating of 3.6/5
Exclusive Offer
Pros
- 3 months free trial
- Fast sign-up
- Simple and streamlined
- Share data easily with your accountant
Cons
- Not as comprehensive as some competitors
- No free account after 3 month trial has ended
- Not FSCS protected as it’s an e-money institution
Eligibility Criteria
- You must be at least 18 years old.
- You must be either a sole trader or the director of a limited company.
- You must be a UK resident.
- Partnerships, charities and high-risk organisations are not eligible.
- Businesses operating outside the UK are excluded.
FSCS Protection: No, Countingup is not FSCS protected.
Trustpilot Score: 2,342 Reviews with an average rating of 4.4/5.
Countingup Starter Business Account
Get started with three months free
Pros
- Fast sign up
- Simple and streamlined
- Share data easily with your accountantant
- Higher monthly deposits
Cons
- Not as comprehensive as some competitors
- No free account
- Not FCSC protected as it’s an e-money account
Eligibility Criteria
- You must be at least 18 years old.
- You must be either a sole trader or the director of a limited company.
- You must be a UK resident.
- Partnerships, charities and high-risk organisations are not eligible.
- Businesses operating outside the UK are excluded.
FSCS Protection: No, Countingup is not FSCS protected.
Trustpilot Score: 2,342 Reviews with an average rating of 4.4/5.
Cynergy Bank Business Current Account
Pros
- Earn a solid rate of interest for a current account below £25,000 (2.50% AER)
- No monthly fee for 12 months and only £25pm after that
- Super-fast setup time (15 minutes)
- Accounting software integrations are available
Cons
- There is a monthly fee of £25 after the first 12 months
- Fees apply for cash, CHAPS, SWIFT, and SEPA transactions
- Cash deposits are only available at UK HSBC branches
Eligibility Criteria
- The business must be based in the UK and registered with Companies House if required.
- Eligible entities include sole traders, partnerships, limited liability partnerships, and limited companies.
- Businesses may have up to 10 named individuals, including partners, directors, and shareholders. Shareholders who own 10% or more of the business must be included.
- Charities or trusts are not eligible.
- Businesses not based in the UK are excluded.
FSCS Protection: Yes, Cynergy Bank is FSCS Protected
Trustpilot Score: 2,540 ratings with an average rating of 3.5/5
Pros
- Free banking for 12 months
- Overdraft facility
- 600 UK branches
- Easy Integration with accounting software like Xero, QuickBooks and Sage
- 24/7 online and mobile account management
- Foreign Currency Accounts
- A range of lending options
- Virtual assistant
- Cheque book on request
Cons
- Monthly fee (after 12 months) on all accounts
- Maximum turnover requirements on some HSBC accounts
- Support only operates within working hours
Eligibility Criteria
- You must be a sole trader or the sole director and shareholder of the company.
- You must be a tax resident in the UK (except Channel Islands and the Isle of Man).
- Your annual turnover must be under £6.5m.
- Businesses operating from outside the UK are excluded.
- High-risk organisations are not eligible.
FSCS Protection: Yes, HSBC is protected by the FSCS.
Trustpilot Score: 8,651 reviews with an average rating of 1.6/5
HSBC Kinetic Current Account
Pros
- Designed for small businesses
- Extensive credit facilities
- Very few fees for day-to-day usage
- Physical branches across the country
Cons
- No multi-user access
- No foreign currency accounts or holdings
- Lower customer review scores
Eligibility Criteria
- You must be at least 18 years of age and reside within the UK.
- You must be a sole trader or the sole director of a limited company operating within the UK.
- You must have an annual income of no more than £6.5m.
- Businesses operating from outside of the UK, within the Isle of Mann or the Channel Islands, are not eligible.
FSCS Protection: Yes, HSBC is FSCS Protected.
Trustpilot Score: 8,641 reviews with an average rating of 1.6/5
Metro Bank Business Bank Account
Great for
- Security and fraud prevention: FSCS-protected with additional security measures in place
- Integrating with existing or new accounting software
- Getting access to in-branch setup and support
But be aware that
- If the account balance drops below £6,000 there are additional monthly and transaction charges that apply
- No 24/7 customer support is available with Metro Bank (opening times for customer support are 8am-8pm)
- You can’t apply for this account if your business has more than £2mil turnover
Eligibility Criteria:
- You must be over 18 years’ old.
- Your business must not exceed £2mil for this account.
- You must be one of the following: sole trader, limited company, limited guarantee, or limited liability partnership.
- Charities or trusts are not eligible.
- Businesses not based in the UK are excluded.
FSCS Protection: Yes, Metro Bank is FSCS protected.
Trustpilot Score: 2,540 ratings with an average rating of 3.5/5
Mettle by NatWest
Pros
- Issuing invoices is easy
- App includes expense management functionality
- Good integration with all major accountancy software providers
- If you lose your card, it’s simple to free it from within the app
Cons
- You can’t pay out more than £10,000 per day
- There isn’t any overdraft or credit card available
- Cheque deposits are not available
- International payments are not available
Eligibility Criteria
- You must be at least 18 years old and a UK Resident.
- You must be a sole trader or a limited company with a maximum of two owners.
- Your main account balance must be no more than £1m.
- PLCs, charities and high-risk organisations are not eligible.
- Businesses operating from outside the UK are excluded.
FSCS Protection: Yes, Mettle is protected by the FSCS.
Trustpilot Score: 3,754 reviews with an average rating of 4.6/5
Monzo Business Lite Account
Pros
- Top-rated 24/7 support
- Budget and transaction categories to help manage spending habits
- Digital receipts for creating and storing important business information
Cons
- Basic version, fewer features than Pro
- No automatic allocation of funds to a “tax pot”
- No integration with accounting software like Quickbooks, Xero, or FreeAgent on Lite account
Eligibility Criteria
- You must be at least 16 years of age.
- You must be a sole trader or the director of a limited company registered with Companies House, you must be based in the UK.
- You must be a tax resident in the UK only.
- LLPs, PLCs, charities and high-risk organisations are not eligible.
- Businesses operating from outside the UK are excluded.
FSCS Protected: Yes, Monzo is protected by the FSCS.
Trustpilot Reviews: 32,061 reviews with an average rating of 3.9/5
Monzo Business Pro
Pros
- Built-in invoicing system
- Multi-user access
- Exclusive offers for your business
Cons
- No specific mention of perks for international transactions
- Multi-user access limited to Limited companies only
Eligibility Criteria
- You must be at least 16 years of age.
- You must be a sole trader or the director of a limited company registered with Companies House, you must be based in the UK.
- You must be a tax resident in the UK only.
- LLPs, PLCs, charities and high-risk organisations are not eligible.
- Businesses operating from outside the UK are excluded.
FSCS Protected: Yes, Monzo is protected by the FSCS.
Trustpilot Reviews: 32,061 reviews with an average rating of 3.9/5
Pros
- Overdraft and Credit Card Options
- No Minimum monthly charge
- Free Access to ‘Free Agent’ Accounting Software
Cons
- International banking comes with fees
- Customer Reviews are fairly mixed
Eligibility Criteria
- You must be aged 18+ and be a UK resident.
- You must be the owner or director of the business you’re applying on behalf of.
- You must not have been declared bankrupt or received a County Court Judgement (CCJ) or Court Decree.
- Businesses operating from outside the UK are excluded.
- High-risk organisations are not eligible.
FSCS Protection: Yes, Natwest is protected by the FSCS.
Trustpilot Score: 6,296 reviews with an average rating of 1.4/5
Revolut Enterprise
Pros
- Unlimited team member imports
- high savings rates up to £2m
- Personal help with account management
Cons
- Very high monthly fee
- Excessive for businesses not making a large number of transactions
- The cost might not justify the benefits for smaller businesses
Eligibility Criteria
- You must be at least 18 years old.
- Your business must have a physical presence in the EEA and Switzerland.
- You must be a sole trader, freelancer, limited company, partnership, LLP or PLC.
- Charities/trusts and other high-risk organisations are not eligible.
- Businesses operating from outside the supported countries are excluded.
FSCS Protection: No, Revolut is not protected by the FSCS.
Trustpilot Score: 151,826 reviews with an average rating of 4.2/5
Revolut Business Basic Account
Pros
- Easy integration with Ecommerce via Apps and Plugins
- Send and receive money from 200 countries
- Block cards or set accounting limits with a tap
Cons
- Available for Limited Companies Only
- Accounts do not support cash or cheque deposit
- No physical branches
Eligibility Criteria
- You must be at least 18 years old.
- Your business must have a physical presence in the EEA and Switzerland.
- You must be a sole trader, freelancer, limited company, partnership, LLP or PLC.
- Charities/trusts and other high-risk organisations are not eligible.
- Businesses operating from outside the supported countries are excluded.
FSCS Protection: No, Revolut is not protected by the FSCS.
Trustpilot Score: 151,826 reviews with an average rating of 4.2/5
Revolut Grow
Pros
- 100 free local transfers per month
- £10k of international transfers at the interbank rate each month
- complimentary metal card
Cons
- Limited number of free international transfers
- Limited to 10 free team member onboards
- No physical branches
Eligibility Criteria
- You must be at least 18 years old.
- Your business must have a physical presence in the EEA and Switzerland.
- You must be a sole trader, freelancer, limited company, partnership, LLP or PLC.
- Charities/trusts and other high-risk organisations are not eligible.
- Businesses operating from outside the supported countries are excluded.
FSCS Protection: No, Revolut is not protected by the FSCS.
Trustpilot Score: 151,826 reviews with an average rating of 4.2/5
Revolut Scale
Pros
- 1,000 fee-free local transfers
- £50k of international transfers at the interbank rate per month
- Ability to import 30 team members
Cons
- Limited fee-free international transfers
- Price could not be worth the benefits for small businesses
- No physical branches
Eligibility Criteria
- You must be at least 18 years old.
- Your business must have a physical presence in the EEA and Switzerland.
- You must be a sole trader, freelancer, limited company, partnership, LLP or PLC.
- Charities/trusts and other high-risk organisations are not eligible.
- Businesses operating from outside the supported countries are excluded.
FSCS Protection: No, Revolut is not protected by the FSCS.
Trustpilot Score: 151,826 reviews with an average rating of 4.2/5
Starling Bank Business Account
Pros
- Fast account set-up
- No monthly fees or fees overseas
- Integrations with Quickbooks, Xero & FreeAgent
- Fully regulated and FSCS protected
- Phone and App based customer service 24/7
- Pay Cash in via Post Office
- Euro and Dollar accounts are available
Cons
- There are no branches
- Starling charges for paying in money
- You can’t earn interest
- Depositing cash comes with a fee
Eligibility Criteria
- All directors with access to the account must be over 18 and UK residents.
- You must be either a sole trader or the director of a limited company/LLP registered with Companies House UK.
- You must not be a holding company, dissolved, in liquidation or engaged in any activities outlined in their “industries we don’t currently support” section.
- Unregistered/unregulated charities, businesses that hold clients’ money and high-risk businesses are not eligible.
- Businesses operating from outside the UK are excluded.
FSCS Protection: Yes, Starling is protected by the FSCS.
Trustpilot Score: 40,019 reviews with an average rating of 4.3/5
Tide Cashback
Pros
- One of the best apps in the sector
- 0.5% Cashback
- 24/7 legal helpline
Cons
- Monthly Fee
- ATM withdrawals cost £1
- No physical branches
Eligibility Criteria
- You must be at least 18 years old.
- You must have a UK residential address.
- You must be the director of an active company registered with UK Companies House or a sole trader/freelancer registered with HMRC.
- Charities/trusts and other high-risk industries are not eligible.
- Businesses operating from outside the UK are excluded.
FSCS Protection: Yes, Tide is FSCS protected.
Trustpilot Score: 19,375 Reviews with an average rating of 4.1/5
Tide Free Business Account
Pros
- One of the best Apps in the sector
- No Monthly or Annual Fees
- Easy Invoice Creation Functionality
Cons
- ATM withdrawals cost £1
- 20p charge for transfers between accounts
- 3% charge for cash deposits at Paypoints
Eligibility Criteria
- You must be at least 18 years old.
- You must have a UK residential address.
- You must be the director of an active company registered with UK Companies House or a sole trader/freelancer registered with HMRC.
- Charities/trusts and other high-risk industries are not eligible.
- Businesses operating from outside the UK are excluded.
FSCS Protection: Yes, Tide is FSCS protected.
Trustpilot Score: 19,375 Reviews with an average rating of 4.1/5
Tide Plus
Pros
- One of the best apps in the sector
- 2 free expense cards for your co-workers
- Member discounts
Cons
- ATM withdrawals cost £1
- 20p charge for transfers between accounts
- 3% charge for cash deposits at paypoints
Eligibility Criteria
- You must be at least 18 years old.
- You must have a UK residential address.
- You must be the director of an active company registered with UK Companies House or a sole trader/freelancer registered with HMRC.
- Charities/trusts and other high-risk industries are not eligible.
- Businesses operating from outside the UK are excluded.
FSCS Protection: Yes, Tide is FSCS protected.
Trustpilot Score: 19,375 Reviews with an average rating of 4.1/5
Tide Pro
Pros
- One of the best apps in the sector
- Easy invoice creation functionality
- Easy accounting integration
Cons
- ATM withdrawals cost £1
- 3% charge for cash deposits at paypoints
- No physical branches
Eligibility Criteria
- You must be at least 18 years old.
- You must have a UK residential address.
- You must be the director of an active company registered with UK Companies House or a sole trader/freelancer registered with HMRC.
- Charities/trusts and other high-risk industries are not eligible.
- Businesses operating from outside the UK are excluded.
FSCS Protection: Yes, Tide is FSCS protected.
Trustpilot Score: 19,375 Reviews with an average rating of 4.1/5
Pros
- 130 UK Branches
- Overdafts
- Online, telephone or APP based banking
- Competitive interest rates
- 25 months free for new accounts or switchers
- M Account for Business comes with No monthly account fee as well as free day-to-day online banking
Cons
- All accounts other than the M Account carry monthly charges
- Fees apply for depositing cash or transacting internationally
- Less locations than the bigger high street banks
Eligibility Criteria
- You must be 18 years old and be a UK resident.
- You must be the owner or director of your business.
- You must have a maximum annual turnover of £6.5m.
- Charities, companies holding clients’ money and high-risk organisations are not eligible.
- Businesses operating from outside the UK are not eligible.
FSCS Protection: Yes, Virgin Money is protected by the FSCS.
Trustpilot Score: 7,434 reviews with an average rating of 1.9/5
Wise Business Account
Pros
- Typically one of the most cost-effective providers
- 80% of payments are settled within 24 hours, and 35% of the total are instant
- Complete transparency on all fees
Cons
- No bank branches
- No cash deposits or transactions
- No credit or business loan facilities are available
Eligibility Criteria
- You must be 18 years of age or older.
- Almost all businesses are eligible, but you must provide proof of address for the account representative.
- Your business must operate within the supported countries.
- high-risk companies and charities/trusts operating outside certain countries are not eligible.
FSCS Protection: No, Wise is not FSCS Protected.
Trustpilot Score: 217,184 reviews with an average rating of 4.3/5
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